ANALYSIS
NQ100 Finds Support from PPIApr 14
Resistance in Pound is Preserved
Hours before the US Federal Reserve's (FED) monetary policy meeting, we see that the GBPUSD parity remains resistant in markets where another 75 basis point interest rate hike is almost entirely priced in. In addition, the expectations that the Bank of England (BoE) will make another 'jumbo' interest rate increase tomorrow support the pound wing. In addition, it is possible to say that the declining investor stress in international markets supports the currencies of major countries. From this point of view, in the parity, which is seen to continue its channel movement on the third trading day of the week, if it can be climbed to the level of 1.1565 with permanent closes, it may become possible to follow the resistance of 1.1625. In the downward movements, 1.1440 and then 1.1375 supports may come to the fore.
